TD SYNNEX Corporation (NYSE: SNX) gained more than 50 percent in the second quarter of 2026, riding surging demand for AI infrastructure and cloud computing. The stock closed at $262.64 on Sept. 4, 2026—a 74.64 percent return over the past year.
The IT distributor's HIVE segment, focused on cloud data center infrastructure, posted a year-over-year surge exceeding 50 percent in Q4 2025, driven by rapid growth in hyperscaler infrastructure programs and new customer wins. In April 2026, TD SYNNEX expanded its AI Infrastructure-as-a-Service portfolio by incorporating dedicated NVIDIA HGX B300 Clusters on Nebius AI Cloud, directly addressing specialized AI computing demand.
TD SYNNEX reported earnings that easily surpassed consensus estimates and raised forward guidance. Analysts have lifted their blended price target from $166 to $285, reflecting higher expected revenue growth, improved margins, and a richer forward P/E multiple. The company's market capitalization stands at $21 billion.
Institutional demand has accelerated: hedge fund portfolios holding TD SYNNEX climbed to 60 at the end of Q2, up from 50 in Q1. Harbor Mid Cap Value Fund named TD SYNNEX a top Q2 contributor to its portfolio, which returned 13.99 percent and outperformed the Russell Midcap Value Index.
